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<br />If Borrower pays Funds to Lender, the Funds shall be held in an institution the deposits or accounts of which are
<br />insured or guaranteed by a Federal or state agency (including Lender if Lender is such an institution). Lender shall apply
<br />the Funds to pay said tam. assessments, insurance premiums and ground rents. Lender may not charge for so holding
<br />and applying the Funds, analyzing said amount or verifying and compiling said assessments and bills. unless Lender
<br />pays Borrower interest on the Funds and applicable law permits Lender to make such a charge. Borrower and Lender
<br />may agree in writing at the time of execution of this Dead of Trust that interest on the Funds shall be paid to Borrower,
<br />and unless such agreement is made or applicable law requires such interest to be paid. Lender shall not be required
<br />to pay Borrower any interest or earnings on the Funds. Lender shall give to Borrower, without charge, an annual
<br />accounting of the Funds showing credits and debits to the Funds and the purpose for which each debit to the Funds was
<br />made. The Funds are pledged as additional security for the sums secured by this Deed of Trust.
<br />If the amount of the Funds bold by Lender, together with the future monthly installments of Funds payable prior to
<br />the due dam of tam, assessments, insurance premiums and ground rents, shall exceed the amount required to pay said
<br />team, assessments, insurance premiums and ground rents as they fall due, such excess shall be. at Borrower's option,
<br />either promptly repaid to Borrower or credited to Borrower on monthly installments of Funds. If the amount of the
<br />Fwxk hold by Lender shall riot be sufficient to pay tam, assessments, insurance premiums and ground rents as they fall
<br />due, Borrower shall pay to Lender any amount necessary to make up the deficiency in one or more payments as Lender
<br />may "ire.
<br />Upon payment in full of all sums secured by this Deed of Trust, Lender shall promptly refund to Borrower any
<br />Funds bold by Leerier. If under paragraph 17 hereof the Property is sold or the Property is otherwise acquired by
<br />Lender, Leader shall apply, no later than immediately prior to the sale of the Property or its acquisition by Lender. any
<br />Funds bold by Lender at thefinse of application as a credit against the sums secured by this Deed of Trust.
<br />3. Appilloollais of Foymaeft. Unless applicable law provides otherwise. all payments received by Lender under
<br />the Note and paragraphs I and 2 hereof shall be applied by Lender first in payment of amounts payable to Lender by
<br />Borrow= under paragraph 2 hereof, then to interest payable on the Note, and then to the principal of the Note.
<br />4. Polar 111 -- @ and Denis of Trusts Merges; Lime. Borrower shall perform all of Borrower's obligations
<br />1, any mortgage. dad of trust or other security agteemaw with a lien which has priority over this Dead of Trust.
<br />including Borrower's covenants to make payments when due. Borrower shall pay or cause to be paid all tam.
<br />assiessmesift and other charges, fins and impositions attributable to the Property which may attain a priority over this
<br />Dud of Trust. and leasebold payments or ground rents, if any.
<br />S. Based ImrnvI Borrower shall keep the improvements now existing or hereafter erected on the Property
<br />insismil against loss by fim, hazards included within the term "extended coverage". and such other hazards as Lender
<br />may require and in such amounts and for such periods as Lender may require.
<br />The insurance carrier providing the insurance shall be chosen by Borrower subject to approval by Lender: provided.
<br />that nech approve] shall so be unreasonably withheld. All insurance policies and renewals thereof shall be in a form
<br />acceptable to Lender and shall include a standard mortgage clause in favor of and in a form acceptable to Lender.
<br />Lender shill have the right to hold the policies and renewals thereof, subject to the terms of any mortgage, deed of trust
<br />or other security agreement with a Inn which has priority over this Deed of Trust.
<br />In the evert of kiss. Bonner shall give prompt -notice to the insurance carrier and Lender. Lender may make proof
<br />of loss if so made promptly by Borrower.
<br />If the Property is abandoned by Borrower, or if Borrower fails to respond to Leader within 30 days from the date
<br />notice is mailed by Issder to Borrower that the insurance carrier offers to settle a claim for insurance benefits. Lender is
<br />authorized to coDect and apply the insurance proceeds at Lender's option either to restoration or repair of the
<br />Property or to the sums secured by this Deed of Trust.
<br />6. Peeninssllw and Mminfleseacia of lit"erly; LenoW6"; CAmdousholvismi; Phoned Usk Develepinna. Bor.
<br />own &NO keep the Property in good repair and shall not commit waste or permit impairment or deterioration of the
<br />Property and shall comply with the provisions of any lease if this Deed of Trust is on a leasehold. If this Deed of Trust is
<br />on a ask is a condominium or a planned unit development. Borrower shall perform all of Borrower's obligations under
<br />the declaration or covenants creating or governing the condominium or planned unit development. the by-laws and
<br />regulations of the condominium or planned unit development, and constituent documents.
<br />?. Fse1 10 of LMWW% Seemily. If Bmvo*w fails to perform the covenants and agreements contained in this
<br />Dad of Trust, or if any action at proceeding is commenced which materially affects Lender's interest in the Property,
<br />then Leader. at Leader's option. upon "ice to Borrower, may make such appearances, disburse such sums. including
<br />reasonable attorneys' fees, and take such action as is necessary to protect Lender's interest. If Lender required mortgage
<br />insurance: as a condition of making the Wan secured by this Deed of Trust, Borrower shall pay the premiums required to
<br />maintain such insurance in Me- until such time as the requirement for such insurance terminates in accordance with
<br />111miown's and Lenders written agreement or applicable law.
<br />Any assounift disbursed by Lender pursuant to this paragraph 7, with interest them-on, at the Note rate, shall
<br />become addkionsl indebtedness of Bortower secured by this Deed of Trust. Unless Borrower and Lender agree to
<br />other ftrins; of payment, such amounts shall be payable upon notice from Lender to Borrower requesting p yment
<br />thereof. Notting contained in this paragraph 7 shall require Lender to incur any expense or take any action hereunder.
<br />L loweemes. Lender may make or cause to be made reasonable entries upon and inspections of the Property,
<br />provided that Leader "I give Borrower notice prior to any such inspection specifying reasonable cause therefor
<br />related to Lender's interest in the Property.
<br />9. C40dowwWWO. The proceeds of any award or claim for damages, direct or consequential. in connection with
<br />ARY COMMO&tim or other taking of the Property, or part thereof, or for conveyance in lieu of condemnation, are
<br />hereby assigned mad shall be paid to Lender, subject to the terms of any mortgage. deed of trust or other security agree.
<br />t with a lien which has priority over this Deed of Trust.
<br />It §WMWW 1401 ldlmmdt Fwbanno By Lander NO a Waiver. Extension of the time for payment or
<br />tnodNkatsxu of amortization of the sums secured by this Dead of Trust granted by Lender to any successor in interest of
<br />Borrower shali not operate to release, in any manner, the liability of the original Borrower and Borrower's successors in
<br />Lintetivist. Lender shall not be required to commence proceedings against such successor or refuse to extend time for pay-
<br />mm Or otherwise modify amortization of the sums secured by this Deed of Trust by reason of any demand made by the
<br />onjoinal Borrower and SOCTOM'S SOCCOSSM in interest. Any forbearance by Lxndet in exercising any tight or remedy
<br />hereunder, of otherwise afforded by applicable law, shall not be a waiver of or preclude the exercise of any such right or
<br />Y.
<br />it. Slrmaaew and AmilM SOMWI Jules and SOMW Liabl", Co•tifiners. The covenants and agreements
<br />herein contained shall hind, and the righo hereunder shall inure to, the respective successors and asmgm of bendet and
<br />Sorrowef subject to the provisitliris of paragraph 16 hereof. All covenants and agreements of Horrower shall Ile taint and
<br />several Any R(wrrlwef who co-signs this Deed of Trust, but does not exceute the Note. tat vt Co signing ttit% I)rett of I rust
<br />;inlv 11, Ktion+ snd olnvev that W"Towet'% interest in the Property to irusim order the lernt% of thus Deed it I rust. the is
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